Colburn Music Fund
- Assets
- $0.0
- Revenue
- $7.2m
- Investments
- $146.2m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 07/2000
- Data as of
- 06/2020
- EIN
- 95-4804766
Organization Overview
Colburn Music Fund is located in Los Angeles, CA. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colburn Music Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Colburn Music Fund generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 28.4% each year . All expenses for the organization totaled $7.7m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol C Grigor Chairman | 1 | $0 | |
Richard W Colburn Director | 1 | $0 | |
David D Colburn Director | 1 | $0 | |
Layne B Pinkernell Treasurer/ Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $655,304 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,204,901 |
| Total Revenue | $7,150,369 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $255,135 |
| Contributions, gifts, grants paid | $7,400,000 |
| Total expenses and disbursements | $7,655,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,113 |
| Investments—mortgage loans | $0 |
| Investments—other | $131,580,292 |
| Other assets | $98,429 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $451,424 |
Grants Awarded
Over the last fiscal year, Colburn Music Fund has awarded $4,000,232 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: TO SUPPORT CLASSICAL MUSIC EDUCATION | $4,000,000 |
CONTRIBUTION FROM HARVEST MLP PASS-THROUGH K-1 PURPOSE: AVAILABLE UPON REQUEST | $110 |
CONTRIBUTION FROM KAYNE ANDERSON PASS-THROUGH K-1 PURPOSE: AVAILABLE UPON REQUEST | $46 |
CONTRIBUTION FROM PATHWAY PRIVATE PASS-THROUGH K-1 PURPOSE: AVAILABLE UPON REQUEST | $44 |
CONTRIBUTION FROM OCH-ZIFF PASS-THROUGH K-1 PURPOSE: AVAILABLE UPON REQUEST | $29 |
CONTRIBUTION FROM DUNE REAL PASS-THROUGH K-1 PURPOSE: AVAILABLE UPON REQUEST | $3 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $0 | $8,022,175 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $9,993,294 | $9,957,898 |
Mufg Union Bank Foundation Ag Phoenix, AZ | $2,989,069 | $8,302,055 |
Fenwick Community Fund Mountain View, CA | $8,526,987 | $12,836,931 |
Colburn Music Fund Los Angeles, CA | $0 | $7,150,369 |
Marks Family Foundation Redwood City, CA | $49,983,289 | $16,693,138 |
Herbalife Nutrtion Foundation Los Angeles, CA | $22,239,401 | $8,092,128 |
Kla-Tencor Foundation Milpitas, CA | $26,702,881 | $5,233,772 |
Walter J & Betty C Zable Foundation San Diego, CA | $89,922,595 | $8,940,204 |
In-N-Out Burgers Foundation Irvine, CA | $42,997,314 | $8,211,700 |
Smidt Fam Foundation Newbury Park, CA | $69,750,078 | $4,896,207 |